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Electronics export growth insufficient to boost Singapore's Q2 2024 economy

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pstrongIn the broader SEA region, however, the situation will be different./strong/p pSingapore's a href="https://sbr.com.

will be subdued in Q2 2024 despite strong electronics exports, a report from the Institute of Chartered Accountants in England and Wales revealed.The report suggested that the recent growth in the services sector might be temporary, driven by events like concertgoers coming to Singapore.

The expert noted that it is unlikely for domestic demand to rise materially in Q2, given the softening labour market and high interest rates constraining business investments.

 

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